Question

basic term of accounting?​

Answer 1

Answer:

Basic Accounting Terms

Accounts Payable. Accounts payable refers to the money a business owes to its suppliers, vendors, or creditors for goods or services bought on credit. ...

Accounts Receivable. ...

Accounting Period. ...

Accruals. ...

Accrual Basis Accounting. ...

Assets. ...

Balance Sheet. ...

Capital.

Answer 2

Answer:

Basic Terms of Accounting

Explanation:

Entity

Transaction

Assets

Liabilities

Capital

Sales

Revenue

Expenses

Expenditure

Profit

Gain

Loss

Discount

Voucher

Goods

Drawings

Purchases

Stock

Debtors

Creditors

Hope it helped you :)